A Blip For The All Conquering Loonie

By

David Cottle

Updated Oct. 17, 2012 3:21 a.m. ET

The Canadian dollar hit its lowest level against the greenback for nearly two weeks in Tuesday's North American trade.

It did so as the foreign-exchange fraternity was glumly mulling a speech from Bank of Canada Governor Mark Carney, which in the end seemed to convince that further interest rate increases were now off the table.